"TRADING IDEA FOR WEDNESDAY (17.08.2011)"

FIIs were net sellers with the tune of ` 261.12 crore whereas DII were net buyers of ` 251.67 crore on Tuesday, the 16th August 2011(prov. fig.) 
The BSE Sensex was down 108.69 points or 0.65% to 16,730.94, its lowest closing level since 9 June 2010. The Sensex gained 195.86 points at the day's high of 17,035.49 in early trade. The index declined 166.11 points at the day's low of 16,673.52 in late trade. The S&P CNX Nifty was down 37.15 points or 0.73% to 5,035.80, its lowest level since 9 June 2010. Nifty hit low 5,015.40 in late trade. The BSE Mid-Cap index fell 1.79% and the BSE Small-Cap index shed 2.1%. Both these indices underperformed the Sensex.
The market breadth was weak after being positive upto early afternoon trade. On BSE, 2007 shares declined while 844 shares gained and a total of 93 shares remained unchanged. Among the 30-share Sensex pack, 22 fell and the rest rose.
FOR TODAY: WATCH 5011/5000/4980 ON THE DOWNSIDE WHEREAS ON THE UPSIDE WATCH FOR 5067/5089 
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